@Srushti KhairnarHopefully you listened to the inputs on the thread and took action.

For example, if you have a car loan that you’re only paying 2.9% on, why in the world would you pay that off if you can turn around and use that same cash as a down payment on an asset that’s going to produce a greater return than that?

Your lease stating tenants are responsible for fines from their actions is definitely a good thing to have, but it’s only mitigating a part of your risk.For instance, let’s say your condo building has 100 units (made up numbers for easy math), and finds it needs to spend $1,000,000 on replacing the roof, siding, and HVAC.

All I knew was that I was tired of looking at properties for the last few years and wanting to take action, but never actually getting anywhere.

They types of properties typically don't produce very attractive or exciting aerial views also.   

One, it would be a non-conforming duplex because we wouldn't be living in it, risking municipal action against us.

Credit score: 736, liquid assets (stocks and cash): 130,000My current plan of action to reach my end goal is to use an fha loan for a multifamily, refinance after a year of living there and turn that into a full on investment property.

I took a break from selling investment properties to produce tv series for HGTV.

Owning a property that produces a return is a wonderful thing.

Once you have the figures locked in I'm sure you'll be able to determine the best course of action.